Health Care
(E32Z)
990 on File
CAROLINA HEALTH CENTERS INC
Financial strength (30%)
98/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
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CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$38.3M
Total Revenue
$36.3M
Total Expenses
$20.5M
Net Assets
384
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
75.5%
Fundraising Efficiency
N/A
Operating Reserve
6.78x
Liability-to-Asset
23.9%
Revenue Diversification
52.4%
Compared with Peers
FY 2024
Compared with 2,013 similar organizations
(United States, Health Care, $10M–$100M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
75.5% | 84.6% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
24.5% | 14.6% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
6.8 mo | 6.8 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
23.9% | 35.3% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
52.4% | 92.5% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
12.1% | 7.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
8.4% | 7.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
5.2% | 1.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $38.3M | $36.3M | $20.5M | 75.5% | 384 |
| 2023 | $34.2M | $33.5M | $18.5M | 75.5% | 374 |
| 2022 | $35.8M | $30.1M | $18.1M | 76.5% | 346 |
| 2021 | $29.2M | $27.3M | N/A | — | 334 |
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